Respond to the three unrelated questions in a single post.
PLEASE REVIEW THE RESOURCES TO ANSWER THE QUESTIONS
Accounting Manual for Public School Districts in the State of Washington: https://www.k12.wa.us/policy-funding/school-apportionment/instructions-and-tools/accounting-manual
Review Chapter 6 – Expenditure Accounts including Debt Service and Capital Assets
Review Chapter 7 – General Journal Entries including Debt Service and Capital Assets
Review Chapter 8 – Financial Reporting
Review Chapter 9 – Federal Grants Management
Review Chapter 10 – Capital Projects Fund and Transportation Vehicle Fund Accounting
Review Chapter 11 – Debt Service Fund Accounting
Review Chapter 13 – Fiduciary Activity
Review Appendix A – Program Expenditure Matrices
Review Appendix B – Additional Accounting Guidance
Review Appendix C – Reference Materials
PLEASE ANSWER ALL QUESTIONS 1,2,3 AND 4
1) In this course, we have been reviewing audited financial reports. If the auditor’s fee is paid from the entity being audited, isn’t there a conflict of interests that may lead to a lack of objectivity?
Do you believe that a CPA can be truly independent when their payment of fees is dependent on the client?
2) You overheard a friend at a party say that changes in information technology will greatly decrease the demand for accountants. How would you respond to this comment?
3) Most government entities, not-for-profits, and for-profit companies have a “Code of Conduct”. This document outlines the responsibilities and proper practices for an individual in the organization. In most cases, new employees need to sign a letter acknowledging that they have read and understand the “Code of Conduct”.
Do you really believe that having a written code of conduct will reduce fraud and other dishonest acts in an organization? Why or why not?
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